You act as if Liverpool didn't spend years being called the Dippers precisely because they followed a pragmatic, hidden-value approach to their transfer strategy. Even when Klopp came along they bought Bobby Firmino and Christian Benteke, and these were not Big Names that Big Clubs were competing for. Then they followed it up with Mane and Wijnaldum, with only us for competition there, and Salah came the following year as a Chelsea reject reborn at Roma.
Not a single one of these transfers was a marquee signing, not a single one was even over 40m pounds, and look where it got them. NOW they cam afford to spend the earth on whomever they want, because Klopp earned it.
But we're not competing with them. We're competing with Newcastle, and even in the past 3 years we've massively out-spent them. Here, take a look at this fun little chart I made (all prices in Euros, all data from transfermarkt:
Spurs, Woolwich,
Newcastle):
In case anyone is confused, we've been spending a lot of money to try and catch/keep up.
Edit: I can't get the Scum link to work because the forum autochanges to Woolwich, even in a URL.